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Diamond Foods, Inc. (DMND) Message Board

  • livermore1929 livermore1929 Dec 18, 2011 9:50 PM Flag

    The big swing..................

    However, it needs to be understood that all the variables have to be lined up in a row, the market, the sector and the stock, all on the rise, or fall if short.

    That is not the case these days, thanks Europe. In this market holding is very risky.

    Not too mention the opprotunity cost of not having ready cash to hop on a crazy DMND or SINA upside day trade, funny how they both happened one week apart.

    The big swing was the case in 1996-2000 in DELL, and related

    and was also the case in 2007-2009 in Citibank, and related

    To give oppisite examples.

    Livermores best showing, making 100 million in the 1929 crash.

    Five years later he went bankrupt, five years after that he ended his life.

    None of are immune from breaking the rules of speculation, from chance, or folly.

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    • Livermore also said that no other class of investors has lost more money than buy and hold long term investors, to that case he brought uo various railroad stocks.

      He was an extradinarily complex guy, and one that should be studied intently.

      I've read the book six times and each time walk away saying, nothing has changed.

      Jessie's favorite book - extraordinary delusions and the madness of crowds.

      There should be livermore clubs like there were once Lincoln clubs.

      His remark that investing is no place for the mentaly lazy, stupid or get rich quick schemer is still precient.

    • Livermore fascinates me, even though he is largely forgotten today. There is no better book on the real operations of the stock market than "Reminiscences of a Stock Market Operator"by Edwin LeFebre. I re-read it at least every two years or so and I always learn something new. Yes, he did commit suicide, but that in no way diminishes the lessons in the book; actually, it makes them more poignant.

    • xxx Livermores best showing, making 100 million in the 1929 crash.

      Five years later he went bankrupt, five years after that he ended his life. xxx

      All these stories verify that more than 95% day traders lose their money on stock markets.

      Best advise to you, give up your day trading and learn how to become a true investor.

 
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